KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has called for the immediate abolition of the cross-subsidy in electricity tariffs for industries, citing the additional cost as a significant factor ma…
Karachi: The Exchange Companies Association of Pakistan has released updated exchange rates for major currencies, reflecting slight changes in the value of several currencies against the Pakistani Rupee. This update is pertinent for businesses and ind…
Karachi: Mian Zahid Hussain, a prominent figure in Pakistan’s business community, has emphasized the necessity for swift policy changes to ensure the survival of the country’s export sector. According to Pakistan Businessmen and Intellectuals Forum, H…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the federal government to declare an industrial emergency, warning that the nation’s manufacturing sector is on the verge of a collapse. The appeal, led by FPCCI P…
Islamabad: The financial performance of state-owned enterprises (SOEs) in Pakistan has sharply declined, causing concern over the effectiveness of promised reforms. Losses have escalated by nearly 300 percent, with cumulative net losses reaching Rs122…
Karachi: The profitability of Pakistan’s oil and gas exploration sector is expected to decline by 15% year-over-year in the second quarter of fiscal year 2026, primarily due to decreasing oil prices and reduced gas production. The sector is also proje…